Low-carbon city pilot, external governance, and green innovation

Lei Shi, Yanping Wang and Lei Jing

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: This study examines the impact of low-carbon city pilot policies on green innovation of enterprises. We find that: (1) The low-carbon city pilot policy significantly promotes green innovation in enterprises, while improving the quantity and quality of green innovation in enterprises. (2) R&D investment plays a mediating role in the relationship between the low-carbon city pilot policy and green innovation. (3) Based on external governance analysis, we find that the promotion effect of low-carbon city pilot policies on green innovation is more significant when media attention is higher.

Keywords: Low-carbon city pilot policy; External governance; Green innovation; R&D investment (search for similar items in EconPapers)
JEL-codes: D24 O32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324007980

DOI: 10.1016/j.frl.2024.105768

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